\begingroup
\centering
\begin{tabular}{lcccc}
   \tabularnewline \midrule \midrule
   Dependent Variable: & \multicolumn{4}{c}{MB\_ratio}\\
   Model:               & (1)      & (2)            & (3)            & (4)\\  
   \midrule
   \emph{Variables}\\
   Missionhouse         & -0.0432  &                &                &   \\   
                        & (0.0518) &                &                &   \\   
   Dist\_mission\_std   &          & 0.1147$^{***}$ &                &   \\   
                        &          & (0.0428)       &                &   \\   
   N\_mission25\_std    &          &                & 0.2804$^{***}$ &   \\   
                        &          &                & (0.0581)       &   \\   
   IM\_sqrt\_std        &          &                &                & 0.6097$^{**}$\\   
                        &          &                &                & (0.2461)\\   
   \midrule
   \emph{Fixed-effects}\\
   Creamery\_ID         & Yes      & Yes            & Yes            & Yes\\  
   Year                 & Yes      & Yes            & Yes            & Yes\\  
   soil\_type\_Year     & Yes      & Yes            & Yes            & Yes\\  
   NUTS2\_year          & Yes      & Yes            & Yes            & Yes\\  
   \midrule
   \emph{Fit statistics}\\
   Observations         & 11,670   & 11,670         & 11,670         & 11,670\\  
   R$^2$                & 0.73608  & 0.73694        & 0.73793        & 0.73665\\  
   Within R$^2$         & 0.00012  & 0.00337        & 0.00715        & 0.00230\\  
   \midrule \midrule
   \multicolumn{5}{l}{\emph{Clustered (Creamery\_ID) standard-errors in parentheses}}\\
   \multicolumn{5}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
\end{tabular}
\par\endgroup
\begingroup
\centering
\begin{tabular}{lcccc}
   \tabularnewline \midrule \midrule
   Dependent Variable: & \multicolumn{4}{c}{MB\_ratio}\\
   Model:               & (1)      & (2)            & (3)            & (4)\\  
   \midrule
   \emph{Variables}\\
   Missionhouse         & -0.0432  &                &                &   \\   
                        & (0.0688) &                &                &   \\   
   Dist\_mission\_std   &          & 0.1147$^{***}$ &                &   \\   
                        &          & (0.0324)       &                &   \\   
   N\_mission25\_std    &          &                & 0.2804$^{***}$ &   \\   
                        &          &                & (0.0624)       &   \\   
   IM\_sqrt\_std        &          &                &                & 0.6097$^{**}$\\   
                        &          &                &                & (0.3048)\\   
   \midrule
   \emph{Fixed-effects}\\
   Creamery\_ID         & Yes      & Yes            & Yes            & Yes\\  
   Year                 & Yes      & Yes            & Yes            & Yes\\  
   soil\_type\_Year     & Yes      & Yes            & Yes            & Yes\\  
   NUTS2\_year          & Yes      & Yes            & Yes            & Yes\\  
   \midrule
   \emph{Fit statistics}\\
   Observations         & 11,670   & 11,670         & 11,670         & 11,670\\  
   R$^2$                & 0.73608  & 0.73694        & 0.73793        & 0.73665\\  
   Within R$^2$         & 0.00012  & 0.00337        & 0.00715        & 0.00230\\  
   \midrule \midrule
   \multicolumn{5}{l}{\emph{Conley (50km) standard-errors in parentheses}}\\
   \multicolumn{5}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
\end{tabular}
\par\endgroup
